MIRA
INFORM REPORT
|
Report Date : |
19.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
DOT HILL SYSTEMS JAPAN LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
Apr 1992 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki
Kaisha) |
|
|
|
|
Line of Business : |
Import, wholesale of storage
hardware/software |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
Maximum Credit Limit : |
Yen 10.3 millions |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
-- |
name
DOT HILL SYSTEMS JAPAN LTD
REGD NAME
Dot Hill Systems
MAIN OFFICE
Tel : 03-5231-1690
Fax : 03-5231-1691
URL : http://www.dothill.com
E-Mail
address: dhi@dothill.co.jp
ACTIVITIES
Import,
wholesale of storage hardware/software
BRANCHES
Nil
OFFICERS
TAKESHI
James
L Lambert, rep dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 640 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UP WORTH Yen 132 M
STARTED 1992 EMPLOYES 10
COMMENT
IMPORTER OF STORAGE HARDWARE & SOFTWARE, WHOLLY OWNED BY
DOT HILL SYSTEMS,
MAX CREDIT LIMIT: YEN 10.3 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Dot Hill Systems,
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2006 fiscal term amounted to Yen 640 million, a 19% up from Yen 540 million in the previous term. The firm posted red inks for three consecutive years. Operations came back to profitability to register Yen 55 million net profit for the term.
For the current term ending Dec 2007 the net profit is projected at Yen 58 million, on a 9% rise in turnover, to Yen 700 million. Business is seen on the up trend.
The financial situation is considered RATHER WEAK but should be good MODERATE business engagements. Max credit limit is estimated at Yen 10.3 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Apr 1992
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Dot Hill
Systems (USA) (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales storage solutions (storage hardware/software, such as general purpose storage, rugged storage, market solutions for telecommunications, government, video, etc) (--100%).
Goods
are wholly supplied from the
Clients: [Mfrs, wholesalers] Itochu Techno Solutions, Sun Microsystems, Hitachi Ltd, NEC, NS Solutions Corp, Hitachi Information Academy, Uniadex Ltd, CTC SP Ltd, other.
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from Dot Hill Systems (USA). Domestically supplied from Uniadex Ltd.
Payment
record: Regular
Location: Business area in
Bank References
MUFG
(Shinagawa-Ekimae)
SMBC
(Kanda)
Relations:
Satisfactory.
FINANCES
(In
Million Yen)
|
Terms Ending: |
|
31/12/2007 |
31/12/2006 |
31/12/2005 |
31/12/2004 |
|
|
Annual
Sales |
|
700 |
640 |
540 |
218 |
|
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
|
Net
Profit |
|
58 |
55 |
50 |
-14 |
|
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
|
Net
Worth |
|
|
132 |
77 |
21 |
|
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
9.38 |
18.52 |
147.71 |
-2.68 |
||
|
Current Ratio |
|
|
.. |
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
.. |
||
|
N.Profit/Sales |
8.29 |
8.59 |
9.26 |
-6.42 |
||
Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/12/2007 fiscal term.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)